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20110701
20110731
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Search Results 0 to 2 of about 3 (some duplicates have been removed)
PBS
Jul 19, 2011 6:00pm PDT
on chancellor merkel's viewpoint. >> angela merkel warned that people should not be expecting one big, spectacular solution. this is a long, ongoing process. it is a matter of small steps. we have to make sure that greece becomes competitive again, that it gets its debt down, and that will not be achieved with one big, spectacular step. president medvedev also had some words to say on the euro. he says he is cautiously optimistic that it will pull through. he says it is an extortion attempt, said nations have never tried before, and it is wishing europe bloc -- he said it is an extraordinary attempts, such that nations have never tried before, and he is pushing europe luck. >> some clouds on the horizon. a closely watched survey said dennis analysts and institutional investors are in anticipating a weaker performance in the months to come -- a closely watched survey said analysts and institutional investors are anticipating a weaker performance in the months to come. use 9 last month. crisis, could spread to italy. however, the drop in german expectations may not translate to weaker e
PBS
Jul 25, 2011 6:30pm PDT
? >> there is a potential connection in the sense that if the u.s. were to default, we would see a big spike in long- term interest rates, so that would affect mortgage rates. it would affect car lending rates. it would affect business lending rates. so all of that could be quite problematic for the whole economy. so that's why, you know, certainly the treasury department and one has to say the federal reserve as well very worried about this. and want to avoid this at all costs. >> ifill: does it have to actually occur or is merely this delay, this debate, is that already putting its own drag on these areas of the economy? >> well, so far i say the uncertainty about what is exactly going to happen, what's going to get cut, what could be affected is giving a lot of consumers and businesses pause, if you will, making it quite risk-averse. and one of the reasons we're going through a soft patch, it's not the only reason, one of the reasons is this uncertainty. and what is triggering is risk aversion on the part of businesses and consumers. so already in a sense they're anticipating or worried about what migh
Search Results 0 to 2 of about 3 (some duplicates have been removed)